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RISK MANAGEMENT

Webinars tackle executive liability, catastrophe, benefits challenges for mid-market firms

Executive liability, natural catastrophes and benefit financing issues can bedevil companies of all sizes. But when disaster strikes, middle-market companies can actually find themselves more prone to devastating losses than large, multibillion-…


Super Bowl risks tackled by planners

INDIANAPOLIS—When football fans tune in to the National Football League's Super Bowl XLVI on Feb. 5, they won't see the years of risk management efforts that preceded it.


COMMENTARY: A look back at changes, good and bad

A look back at changes, good and bad


OPINION: GAO mistaken on RRG fees

THERE IS GOOD AND BAD news in the Government Accountability Office's recent report on risk retention groups. The good news is that the report paints a picture—an accurate one, we believe—of a healthy and growing component of the…

SPECIALTY RISKS

Employer social media policies should not bar protected worker activity: NLRB

WASHINGTON—Employers' social media policies should not prohibit activity protected by federal labor law, but employees' comments generally are not protected if they are mere gripes, the National Labor Relations Board said Wednesday.


Will GPS monitoring decision impact employers?

WASHINGTON—The Supreme Court's ruling that long-term police GPS monitoring of a suspected drug dealer constituted trespassing is expected to be influential as lower courts tackle such privacy issues in the workplace.


Costa Concordia disaster hits marine insurers

ISOLA DEL GIGLIO, Italy—Insurers continue to count the cost of the Costa Concordia cruise ship disaster and attorneys are preparing class action claims on victims' behalf, but experts say the impact of the tragedy on marine insurance rates…


Appeal set in N.Y. GPS monitoring case

New York's highest court is set to consider the appeal of a state appellate court ruling last year in favor of a public sector employer that used GPS to monitor an employee.

BENEFITS MANAGEMENT

Employers adding automatic enrollment to defined contribution plans: Aon Hewitt

More employers intend to add automatic enrollment features to their 401(k) and other defined contribution plans, according to an Aon Hewitt survey.


Contraceptive coverage delayed for religious groups

WASHINGTON—Federal regulators may have given employers affiliated with religious organizations an extra year to ensure that their health plans fully cover prescription contraceptive services, but those employers should not regard the move…


LTC measure to get vote on repeal in House

WASHINGTON—The U.S. House of Representatives this week will vote on legislation that would kill a health care reform law provision to establish a voluntary long-term care program, House Speaker John Boehner, R-Ohio, said.


UP CLOSE: LaMonte Thomas

LAMONTE THOMAS

INSIGHTS & SOLUTIONS

The Business Insurance Risk Management Summit is a unique, invitation-only conference serving the...
Kick off 2012 with expert sessions and speakers on the hottest topics affecting risk managers and...

BROKERS & INSURERS

Zurich estimates Thai flooding losses at up to $250M

ZURICH—Zurich Financial Services Ltd. expects catastrophes to cost it between $200 million and $250 million in the fourth quarter, the insurer announced Thursday.


BMS sets sights on expansion in U.S. market

London-based BMS Group Ltd. recently opened an office in New York and announced that the new office would be the base of Group CEO Carl Beardmore. Mr. Beardmore recently discussed the development with Senior Editor Mark A. Hofmann.


Meeting the challenges of the RMS Version 11 U.S. windstorm model

Sherry Thomas heads Guy Carpenter & Co. L.L.C.’s catastrophe management team for the Americas. She recently discussed the continuing impact of Risk Management Solutions Version 11 model for U.S. windstorms with Business Insurance Senior…


AIG ratings outlook now stable: Best

OLDWICK, N.J.—A.M. Best Co. Inc. on Friday revised its outlook on American International Group Inc. and AIG's main operating units to stable from negative, saying that AIG's troubles seem largely behind it.

MID-MARKET EXECUTIVE

Business Insurance In FOCUS video: D&O cover for private firms

In our latest weekly video, we examine the reasons why more private firms and nonprofits are now buying D&O insurance coverage.


Hotel lawsuit cases up in economic downturn

Though conditions in the U.S. hospitality market have shown signs of improvement in the past year, hotel attorneys and insurers say the sluggish pace of broader economic recovery has led to a rising tide of litigation between hotel owners and…


Contract certainty key to avoiding complex legal issues

Vendor and subcontractor agreements can present their own unique set of problems.


Safety laws aid 18% drop in construction mishaps: N.Y officials

NEW YORK—Construction-related accidents in New York dropped 18% in 2011, thanks in large part to new safety laws the city began rolling out four years ago, according to the city's Department of Buildings.

WORKERS COMP

Workers comp insurers face unprofitable future: S&P

Signs point to more unprofitable years ahead for the workers compensation insurance industry, according to a Standard & Poor's Corp. report released Monday.


NFL concussion lawsuits may turn on workers comp rules

The National Football League is expected to use an exclusive remedy defense in liability litigation filed by hundreds of former pro football players who suffer from concussion-related injuries and cognitive disorders.


Workers comp lawyers to be certified in Pennsylvania

HARRISBURG, Pa.—The Pennsylvania Bar Assn. says a certification program for workers compensation attorneys in the state will assist injured workers and insurers in finding qualified representation for comp cases.


Firing of workers comp judge who brought gun to work upheld on appeal

PHILADELPHIA—The firing of a workers compensation judge for packing a pistol at work was appropriate, the Commonwealth Court of Pennsylvania ruled in a decision published Wednesday.

 

Business Insurance In FOCUS